Major Indian auto companies, including Hyundai and Tata Motors, have announced a surge in their sales in July. In the separate statements issued on Tuesday, the companies reported a surge of 4.4 and 7 percent respectively.
According to the statements issued by the respective companies, Hyundai Motors sold 43,007 units in July 2017, which was 4.4 percent up as compared to 41,201 units it sold in July last year. At the same time, Tata Motors sold 46,216 units this July in the domestic market, compared to 43,160 vehicles it had sold in July last year. Talking of the overall sales of Tata Motors. the company registered a growth of over 13 percent.
Hyundai also registered a positive growth of 14.5 percent month on month in July 2017. This growth came as a result of growing demand for its top models, including Grand i10, Elite i20 and Creta.
Commenting on the July figure, Rakesh Srivastava, Director – Sales and Marketing, Hyundai Motor India, said: “Hyundai with a growth of 14.5 per cent month on month and 4.4 per cent year on year continued its growth momentum…”
“The overall commercial vehicles sales in July 2017, in the domestic market, were at 27,842 nos., higher by 15 per cent over July 2016, due to the ramp-up of BS4 production, across segments,” Tata Motors said in a statement.
“The company also passed on the benefits of GST to consumers by reducing the prices of its vehicles across all commercial vehicle segments.”
Domestic sales of the passenger vehicles grew by 10 percent to almost 15000 units in July 2017. This is due to the growing demand and positive reviews of Tata Tiago and Tata Tigor.
According to the Tata Motors announcement, it exported 3,441 vehicles in July this year, which saw a decline of 6 percent, compared to 5,371 vehicles it had exported in July last year. The decline has been experienced in countries like Sri Lanka and Nepal.